Bitcoin news roundup: January 15, 2017

Welcome to 2017, and our first news recap of the year. We’re two weeks in, and already bitcoin has been on a tear. It’s been dubbed the top performing currency of 2016, and the price reached highs not seen since 2013. Read on for news covering these milestones, the challenges ahead, and plenty more as we usher in a new exciting year.

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Our legacy and a new logo

Blockchain started as a geeky hacker project aimed at making bitcoin just a little more accessible by building an explorer. From those humble origins, the project grew into a passion for creating a better financial future and Blockchain, the world’s leading software platform for digital assets, was born.

Today, we run the largest block chain software platform in the world. We leverage our technology to build a radically better financial system. In doing so, our software has powered over 100M transactions and empowered users in 130 countries across the globe to transact quickly and without costly intermediaries. More recently, we added our 11 millionth wallet (and counting) and added Antony Jenkins to our board of directors.

We have been privileged to serve millions of people around the world. And, in recent months, we’ve been working to evolve our brand to better match the scope of our ambition and our growing user base.

Late last year, we launched an updated look and feel on blockchain.com, released V3 of our wallet, launched new mobile experiences, and updated our blog. Today, we’re excited to announce the next phase in the evolution of our brand: our new logo.

We arrived at this direction through visual explorations of the division of a fixed asset. With Bitcoin, there is a cap at 21 million and those bitcoins can be divided and subdivided to infinity. The block is a tiny ecosystem, and the pieces within grow, shrink and shift as the ownership of any given piece evolves. It is also a representation of how ‘many’ become ‘one’.

The specific divisions of the colors in this execution are also purposeful: they are based on measurements of the golden section.

The logo as a whole honors the heritage of our previous logos while becoming more simple, modern and optimized for the digital world we’re helping build. It brings us full circle to the very thing that attracted us to the Rubik’s cube, in the first place: all of the squares (entries in the chain) read together as a single unit (the ecosystem); the logo is a gestalt of its pieces. And the colors are build on our most recent logo.

Over the course of the coming weeks, you’ll see the new logo anywhere we’re out in public, like our web and social media sites; very soon you’ll see it in all of our products, as well.

We’re excited about the new logo, but more importantly about the role we’re playing in helping people and businesses throughout the world realize a more open, fair and accessible financial future, one piece of software at a time. Thank you for helping us make our vision a reality each and every day.

To the moon,
Peter

Blockchain Internship Program 2017

At Blockchain, we’re committed to helping the next generation of bitcoin block chain-focused developers. Our Internship Program helps us make that commitment a reality.

Each year we welcome great young talents who impact Blockchain, and the bitcoin ecosystem as a whole, in significant and extremely meaningful ways. These interns are given significant responsibility from day 1. The work isn’t easy but it’s rewarded with mentorship and freedom, in equal parts. And that approach is why so many interns later return to Blockchain as valuable full-time members of our team.

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An intro to bitcoin-focused web development: build your first web app

Careers in bitcoin development are all the rage right now, but it’s an unfortunate misconception that the chance of landing these opportunities are a hundred-to-one unless you’re on a first-name basis with industry pioneers like Nick Szabo or Adam Back. Today’s guest blogger, Kyle Honeycutt, is here to debunk these myths of exclusivity. He’ll also show you step-by-step how to create your very first bitcoin web app, and leaves you with extra resources so you can hone your new skills. Take it away, Kyle.

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Wrapping up 2016: our final #newsrecap of the year

Well, 2016, it’s been a wild ride. Throughout the year, we covered bitcoin’s ups, downs, and everything in between. In our final recap for 2016, we’ll kick things off with coverage on the major price spike, and share speculation from experts on what 2017 has in store. Catch these stories and plenty more as we cover some of the biggest headlines closing out the year.

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Bitcoin transaction fees: what are they & why should you care?

This week, we’ve invited Ofir Beigel to guest blog for us. We’ll let him take it from here.

Recently, scaling bitcoin has been a hot topic for the bitcoin community. Why is this? Well, as bitcoin grows and more users hop onboard, a big priority is to ensure the network can efficiently handle the increasing transaction volume. And lately, many users have been expressing their worries over transaction delays caused by network congestion. In this post I’m going to talk a bit about how transaction confirmations work, and the role that fees play in the process.

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Bitcoin news for the week of 12/5/16

Thanks for stopping by for our weekly recap of major headlines in bitcoin and fintech news. The end of 2016 isn’t far off, and December has already packed in some big headlines. Circle announced a move away from usage as a bitcoin wallet, and a Danish firm’s report predicts the price could triple in 2017. Plus, exciting developments in Malaysia are making bitcoin easier to buy, sell, and use. Read about these headlines and more, in our weekly news recap!

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Bitcoin news for the week of 11/28/16

Thanks for stopping by for our weekly recap of major headlines in bitcoin and fintech news. As we move into December, the conversation surrounding SegWit is at the forefront as signalling continues. We’re also seeing plenty of news showcasing the unique value bitcoin offers individuals and families all over the world. Read about these headlines and more, in our weekly news recap!

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Bitcoin’s busiest week ever

Between Nov 20th and 27th, Bitcoin faced its busiest week ever with 2 million transactions, a near-constant backlog of tens of thousands of transactions to confirm, and a record 333,466 transactions processed in a day. This resulted in average confirmation times reaching an unusually slow speed of more than 2 hours.

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Mempool transaction count chart from Blockchain.info/charts

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